AUD-USD @ 0.9172/75...Significant Support in 0.9120-00 region

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January 8, 2010 7:34 AM EST

R: 0.9260 / 0.9302 / 0.9374
S: 0.9120-00 / 0.9060-45 / 0.8985

Aussie is continuing to trade lower and has broken below 0.9200. As mentioned earlier, if it continues to trade lower we might see a downmove towards 0.9120-00 which is the significant Support region seen on the downside. A strong break below 0.9100 was seen over the last couple of days and we expect this Support at 0.9100 to hold in the US session today and might see a bounce back from this Support region (0.9120-00).

Limit Buy Order:
Buy AUD 10K at 0.9120, SL 0.9010, TP 0.9330

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This report has been prepared by Kshitij Consultancy Service. For more, go to Kshitij Consultancy Service

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